🚀 Morning Market Updates
• XAU/USD: Gold prices consolidate as traders await new economic data.
• BTC/USD: Bitcoin remains steady, holding key support levels overnight.
• EUR/USD: Euro shows minor fluctuations ahead of central bank speeches.
• GBP/USD: Sterling trades in a narrow range amid market caution.
• WTI/USD: Oil prices are stable as supply concerns seem to ease slightly.
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🛢 WTI/USD
📉 Potential Sell (97.64) or higher
📣Source:
https://t.me/PriceImpulseBot
👁Trigger: Up 1.08% from the candle's opening price (D1)
🟢Support: 99.12
🟠Resistance: 105.52
🗞Recent News: Oil prices edged lower on concerns over weakening demand in China, the world's largest crude importer, following reports of extended lockdowns in major industrial hubs. U. S. inventory data showing a surprise build in crude stockpiles further weighed on sentiment, suggesting that supply remains ample despite ongoing geopolitical tensions. The bearish outlook is reinforced by a stronger dollar, making oil more expensive for holders of other currencies and potentially curbing global consumption.
(D1)
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🇪🇺/🇬🇧 EURGBP
📉 Potential Sell (0.8706) or higher
📣Source:
https://t.me/PriceImpulseBot
👁Trigger: Up 0.50% from the candle's opening price (D1)
🟢Support: 0.86668
🟠Resistance: 0.87317
🗞Recent News: The Euro is facing headwinds against the Pound following mixed signals from the ECB, with some policymakers hinting at a slower pace for future rate hikes. Sterling finds support from hawkish sentiment at the Bank of England, which remains focused on inflation. The technical picture suggests sellers are targeting the lower end of the recent range, with any rallies likely to be short-lived amid the diverging central bank outlooks.
(D1)
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🇬🇧/🇯🇵 GBPJPY
📈 Potential Buy (212.111) or lower
📣Source:
https://t.me/PriceImpulseBot
👁Trigger: Down 0.55% from the candle's opening price (D1)
🟢Support: 211.26966
🟠Resistance: 213.44384
🗞Recent News: The British Pound has shown resilience, supported by hawkish repricing of Bank of England rate expectations following stronger-than-expected wage data. Meanwhile, the Japanese Yen remains under pressure as the Bank of Japan maintains its ultra-dovish monetary policy stance, creating a significant yield differential. This divergence continues to favor GBPJPY buyers, with dips likely to be seen as buying opportunities ahead of key inflation data from both nations.
(D1)
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